Press Release

For release at 10:00 a.m. EDT

The Federal Reserve Board on Friday announced the appointment of Eric S. Belsky as Director of the Division of Consumer and Community Affairs. He is expected to start at the Board in August.

Dr. Belsky will succeed Sandra F. Braunstein, who retired earlier this year after nearly 27 years of service at the Board, including 10 years as director of the division.

Currently, Dr. Belsky serves as Managing Director of the Joint Center for Housing Studies of Harvard University and is Lecturer in Urban Planning and Design at the Harvard Graduate School of Design. He previously held a number of positions in the private sector and academia, including as Director of Housing Finance Research at Fannie Mae and as Assistant Professor at the University of Massachusetts at Amherst. Dr. Belsky has extensive experience conducting research on housing markets, housing finance, and housing policy, including as Research Director of the Millennial Housing Commission. He holds a Ph.D., M.A., and B.A. from Clark University.

The Division of Consumer and Community Affairs ensures that the voices and concerns of consumers and communities are represented at the Federal Reserve. It has primary responsibility for carrying out the Board of Governors' consumer financial protection and community development programs. It also conducts consumer-focused supervision, research, and policy analysis to promote a fair and transparent consumer financial services marketplace.